Sunday 19 August 2018
 
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Opec

UAE growth to pick up on gains in non-oil sector

Driven by ongoing infrastructure investment in the non-oil economy and increasing output in the oil sector, UAE’s headline growth is set to accelerate from 0.8 per cent in 2017 to around 2.5 per cent in 2018 and 3.3 per cent in 2019, a rep

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UAE growth to pick up on gains in non-oil sector

Driven by ongoing infrastructure investment in the non-oil economy and increasing output in the oil sector, UAE’s headline growth is set to accelerate from 0.8 per cent in 2017 to around 2.5 per cent in 2018 and 3.3 per cent in 2019, a rep

More…

UAE growth to pick up on gains in non-oil sector

Driven by ongoing infrastructure investment in the non-oil economy and increasing output in the oil sector, UAE’s headline growth is set to accelerate from 0.8 per cent in 2017 to around 2.5 per cent in 2018 and 3.3 per cent in 2019, a rep

More…

Brent to average $70 in 2018: BofAML

While Brent crude oil price forecast for 2018 remains at $70 per barrel (/bbl), it is expected to touch $90/bbl in the second quarter of 2019 due to a tight balance throughout next year, said the Bank of America Merrill Lynch (BofAML) in a new r

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Opec, non-Opec pledge supply boost

Opec and non-Opec members said they would raise supply by returning to 100 per cent compliance with previously agreed output cuts, after months of underproduction, a media report said. This came in a statement issued at the end of

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Opec to boost oil output after Saudis clinch deal with Iran

Organization of Petroleum Exporting Countries (Opec) and allies including Russia will boost oil production starting next month, offering relief to consumers after Saudi Arabia secured a last-minute deal to overcome Iran’s opposition, sai

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Mena ‘needs $320bn spend in oil and gas sector’

The Mena region needs at least $320 billion in investment in the oil and gas sector over the next five years, said an industry expert, adding that the private sector can be an important partner in this effort. New investment model

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Opec set to achieve stable oil market, says UAE minister

The Organisation of Petroleum Exporting Countries (Opec) remains optimistic in fulfilling its goal of delivering sustainable oil market stability, thanks to its co-operation with its key partners, said the UAE Minister of Energy and Industry,

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Opec members to decide on raising oil production

Members of the Organisation of the Petroleum Exporting Countries (Opec) will meet in Vienna this week to decide on whether to end its production freeze, a market expert has revealed. The group may be considering lifting the cap al

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Oil down as Opec's bearish spin raises supply worries

The crude oil prices closed lower on Friday with futures falling 0.3 per cent in New York as traders weighed conflicting supply signals from Saudi Arabia, Russia and Venezuela, said a report.   Oil ministers from

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